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I've attempted to research to prove or disprove this meme. I believe it is correct based on this website that confirms the melt value of each of these commonly minted quarters today would be about $4.35 for each quarter. By my math that came in at just over $20 in 2021 usd valuation for what was $1.15 minimum wage minted by the US government in 1964.

I ssuck at math but yeah at least $4.35 per quarter. Much higher than current min wage.

https://www.coinflation.com/coins/1932-1964-Silver-Washington-Quarter-Value.html